All-Transactions House Price Index for Niles, MI (MSA)
ATNHPIUS35660Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
331.25
Year-over-Year Change
23.21%
Date Range
7/1/1980 - 1/1/2025
Summary
The All-Transactions House Price Index for Niles, MI (MSA) tracks changes in the average sale price of single-family homes in the Niles metropolitan area. This metric is a key indicator of local housing market conditions and trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The All-Transactions House Price Index measures the average price of single-family home sales, including both new and existing homes, in the Niles, MI metropolitan statistical area (MSA). Economists and policymakers use this index to assess the overall health and affordability of the local housing market.
Methodology
The index is calculated by the Federal Housing Finance Agency using a repeat-sales methodology that tracks price changes for individual homes over time.
Historical Context
The Niles house price index is used to inform housing and economic policy decisions at the local and regional level.
Key Facts
- The Niles, MI MSA covers Berrien County.
- Home prices in Niles have risen by 25% over the past 5 years.
- The Niles house price index is updated quarterly.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Niles, MI (MSA) tracks the average sale price of single-family homes in the Niles metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of local housing market conditions and affordability, which is relevant for homebuyers, sellers, builders, and policymakers.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency using a repeat-sales methodology that tracks price changes for individual homes over time.
Q: How is this trend used in economic policy?
A: The Niles house price index is used to inform housing and economic policy decisions at the local and regional level.
Q: Are there update delays or limitations?
A: The Niles house price index is updated quarterly with a short publication delay.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Niles, MI (MSA) (ATNHPIUS35660Q), retrieved from FRED.